First Real Estate Investment Trust (SG:AW9U)
SGX:AW9U
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AW9U Stock Chart & Stats
S$0.28
S$0.00(0.00%)
At close: 4:00 PM EST
S$0.28
S$0.00(0.00%)
Day’s Range― - ―
52-Week RangeS$0.23 - S$0.29
Previous CloseN/A
Volume744.00K
Average Volume (3M)2.06M
Market Cap
S$476.83M
Enterprise ValueS$886.07M
Total Cash (Recent Filing)S$35.62M
Total Debt (Recent Filing)S$461.80M
Price to Earnings (P/E)15.2
Beta0.41
Next Earnings
Jul 23, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield8.26%
Share Statistics
EPS (TTM)0.02
Shares Outstanding2,119,234,100
10 Day Avg. Volume1,171,930
30 Day Avg. Volume2,057,720
Financial Highlights & Ratios
PEG Ratio-0.86
Price to Book (P/B)1.04
Price to Sales (P/S)6.28
P/FCF Ratio13.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.26Price Target Upside-7.14% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)S$81.38M
Bulls Say, Bears Say
Bulls Say
High Operating MarginsSustained high gross and operating margins indicate durable property-level economics. For a healthcare/hospitality REIT this margin strength provides long-term cushioning against occupancy swings and cost inflation, supporting distributable income and funding maintenance capex without relying on cyclical gains.
Consistent Cash GenerationStable annual operating and free cash flow historically underpins the REIT's ability to pay distributions and service debt. Reliable cash conversion across multiple years strengthens funding flexibility for upkeep and selective acquisitions, making the income stream more resilient over a multi-quarter horizon.
Contracted Rental Income ModelA master-lease and contracted rent structure produces predictable rental receipts and built-in escalations, reducing revenue volatility versus spot leasing. Pass-through recoveries and variable components align landlord-tenant incentives and provide structural downside protection for long-term cash flow stability.
Bears Say
Revenue And Earnings DeclineA multi-year revenue decline and a return to net loss in 2025 indicate weakening demand or tenancy challenges. Persistent top-line contraction undermines distributable income and increases reliance on asset sales or non-recurring items to sustain payouts, weakening long-term earnings visibility.
Rising LeverageAn uptick in leverage and falling equity reduces financial flexibility and raises refinancing risk, especially if rates remain elevated. Higher debt burden increases interest cost sensitivity, constrains acquisition capacity and heightens the probability of equity issuance or asset sales under stress.
2025 Cash Flow DeteriorationA pronounced year-over-year drop in operating and free cash flow in 2025 weakens coverage of distributions and debt service. Reduced cash cushions limit ability to fund capex or absorb operator stress, increasing the likelihood of payout cuts or non-organic capital measures to restore balance sheet health.
First Real Estate Investment News
AW9U FAQ
What was First Real Estate Investment Trust’s price range in the past 12 months?
First Real Estate Investment Trust lowest share price was S$0.23 and its highest was S$0.29 in the past 12 months.
What is First Real Estate Investment Trust’s market cap?
First Real Estate Investment Trust’s market cap is S$476.83M.
When is First Real Estate Investment Trust’s upcoming earnings report date?
First Real Estate Investment Trust’s upcoming earnings report date is Jul 23, 2026 which is in 40 days.
How were First Real Estate Investment Trust’s earnings last quarter?
Currently, no data Available
Is First Real Estate Investment Trust overvalued?
According to Wall Street analysts First Real Estate Investment Trust’s price is currently Overvalued.
Does First Real Estate Investment Trust pay dividends?
First Real Estate Investment Trust pays a Quarterly dividend of S$0.005 which represents an annual dividend yield of 8.26%. See more information on First Real Estate Investment Trust dividends here
What is First Real Estate Investment Trust’s EPS estimate?
First Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does First Real Estate Investment Trust have?
First Real Estate Investment Trust has 2,119,234,100 shares outstanding.
What happened to First Real Estate Investment Trust’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of First Real Estate Investment Trust?
Currently, no hedge funds are holding shares in SG:AW9U
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
First Real Estate Investment Trust
First Real Estate Investment Trust (First REIT) is an investment trust established through a Trust Deed on October 19, 2006. It was initially formed with First REIT Management Limited (formerly Bowsprit Capital Corporation Limited) acting as the Manager and HSBC Institutional Trust Services (Singapore) Limited as the Trustee. The trust commenced trading on the Singapore Exchange Securities Trading Limited on December 11, 2006. Subsequently, on March 1, 2018, Perpetual (Asia) Limited assumed the role of Trustee, succeeding HSBC Institutional Trust Services (Singapore) Limited. As Singapore's inaugural healthcare-focused real estate investment trust, First REIT's mandate is to acquire and manage a diverse portfolio of income-generating real estate and related assets across Asia, primarily dedicated to healthcare or healthcare-related uses. Its portfolio, overseen by First REIT Management Limited, currently encompasses 20 properties spread across Indonesia, Singapore, and South Korea. These assets include a mix of hospitals (like the Siloam Hospitals chain), nursing homes, hospitality properties (such as The Imperial Aryaduta Hotel & Country Club), and retail components (like Lippo Plaza). Operationally, Indonesian hospital assets are managed by PT Siloam International Hospitals Tbk, a highly reputable healthcare provider and a subsidiary of PT Lippo Karawaci Tbk. The hospitality components, including The Imperial Aryaduta Hotel & Country Club and Hotel Aryaduta Manado, are under The Aryaduta Hotel and Resort Group, while retail centers such as Lippo Plaza Kupang and Lippo Plaza Buton are overseen by PT Lippo Malls Indonesia. In Singapore, Pacific Healthcare Nursing Home Pte. Ltd. and Pacific Eldercare and Nursing Pte. Ltd. manage the nursing homes at Bukit Merah and Bukit Panjang, respectively, with The Lentor Residence operated by The Lentor Residence Pte. Ltd. Sarang Hospital in South Korea is operated by an independent medical practitioner. Investing in First REIT provides exposure to Asia's expanding healthcare sector, a market poised for significant growth due to increasing life expectancy across Indonesia and the broader Southeast Asian region.
AW9U Stock 12 Month Forecast
Average Price Target
S$0.26
▼(-7.14% Downside)
Technical Analysis
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Options Prices
Currently, No data available
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